Trade and Economic Partnership Agreement (TEPA)

India signed a free trade agreement (FTA) with four European countries namely, Iceland, Liechtenstein, Norway, and Switzerland.

[{"selector":"#anim-b24eabaf-c35b-4e42-b043-8197f28f2e51","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5eba779-b355-4964-8500-6dadc3c67777","keyframes":{"transform":["translate3d(0px, 438.61692%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33f27273-20ab-4927-a82b-656d0d302b4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a0e9f7f-fdac-4a8c-b98c-b33dec786704","keyframes":{"transform":["translate3d(0px, 115.17526%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The Trade and Economic Partnership Agreement (TEPA) marks the second such full-fledged FTA signed after India’s agreement with the United Arab Emirates.

[{"selector":"#anim-3cf4f0f0-c14f-41b1-906e-fe21a0784668","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0366daa1-b6c1-4ed1-8765-3e2ea823cfa9","keyframes":{"transform":["translate3d(0px, 373.38494%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bb4e7a5-025b-4289-aebf-4d1523713cff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8c6985b-a7da-4492-97e1-5482961351ce","keyframes":{"transform":["translate3d(0px, 116.06197%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The goal of the TEPA is reaching $100 billion in investments in India and one million jobs within 15 years.

[{"selector":"#anim-5d5afa6c-1dfe-4fba-89e5-d28b9115d010","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41feb8f4-5ed4-4bb6-b3c2-245736b247ae","keyframes":{"transform":["translate3d(0px, 533.23685%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d614c43d-4e49-496d-a04e-0e3c4bf00393","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f6a1ed3-1741-4a74-89de-a2aad2370bd1","keyframes":{"transform":["translate3d(0px, 115.66854%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The TEPA will result in considerable tariff reductions, increased market access, and simplified customs procedures.

[{"selector":"#anim-292f422d-3417-4d9f-93f6-8210e682b759","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-33c1dd27-1677-49bf-b6df-330fcd1f4b77","keyframes":{"transform":["translate3d(0px, 574.49737%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2baf55f7-270d-4e74-a5f9-040723065939","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6ed43e7c-eac1-4c44-9454-af7734c7a815","keyframes":{"transform":["translate3d(0px, 115.66854%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

For the first time, the FTA also included a chapter on commitments to human rights and sustainable development.

[{"selector":"#anim-e1072b3a-2e93-484e-9c77-eecf0d0e1dd3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6861c891-016e-4fd3-af47-3b2909acaa19","keyframes":{"transform":["translate3d(0px, 580.21170%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-820e7916-3a23-425f-87d1-c5e0d0ceb24d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f75bbc1d-d9a2-4c08-9fc6-8ba6403d74da","keyframes":{"transform":["translate3d(0px, 115.89975%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Click here....

[{"selector":"#anim-4f33a936-70bc-4244-9c14-c9093d418e59","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82396433-1654-4d31-b836-60acf934a924","keyframes":{"transform":["translate3d(0px, 540.07999%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b55b11ae-3d53-4437-b51f-be32c6829634","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7250bc05-fcd9-43cf-ada7-52291e8b605e","keyframes":{"transform":["translate3d(0px, 267.01958%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a2c998c-4420-40c8-a4b6-dba80dfdf76b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-592c71fb-1ee8-42bf-b4c7-786c3024a626","keyframes":{"transform":["translate3d(0px, 152.07708%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]